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EMPLOYMENT ANALYSIS <br />The majority of employers interviewed noted stable in increasing employment over the past <br />three years. When asked about growth in the future, many indicated that they expect to <br />remain stableor experience slow growthover the next few years.Companies are remaining <br />cautious although the market continues to improve. <br /> <br /> <br />TABLE E-3 <br />MAJOR EMPLOYERS <br />CITY OF ELK RIVER <br />2012 <br />EmployerProducts/ServicesEmployee Count* <br />ISD #728Education1,600 <br />Sherburne CountyGovernment595 <br />Wal-MartRetail Store394 <br />Guardian Angels of Elk River, Inc Nrsing/Housing 317 <br />Great River Energy Electric Utility 236 <br />Tescom Corporation Pressure Control Devices 187 <br />City of Elk River Government 159 <br />Menards Retail Store 150 <br />Cornerstone Auto Resource Automobile Sales 147 <br />Coborn's Grocery Store 122 <br />Sportech, Inc Plastics Thermoforming 112 <br />Cub Foods Grocery Store 132 <br />Metal Craft Machine & Engineering Precision Machining 105 <br />Cretex Companies, Inc.Precast Concrete Products 100 <br />Crystal Distribution, Inc Custom Curb Adaptors 100 <br />The Home Depot Retail Store 100 <br />Morrell Companies Professional Trucking Transport 100 <br />The Bank of Elk River Financial Institution 99 <br />E & O Tool and Plastics, Inc Injection Molding 98 <br />Fairibault Foods, Inc Pouch Packaging 79 <br />First National Financial Services Financial Institution 43 <br />Quality Label , IncLabel Printing42 <br />Total5,017 <br />* Employment figures are estimated. <br />Sources: City of Elk River; Maxfield Research & Consulting, LL <br />Typical wages for those working at large local retail businesses range from $9.00 to $14.00 <br />per hour. These positions are prime candidates for rental housi <br />employed by residents currently living in the surrounding area o <br />from their current place of residence if hired new. <br /> <br />Based on our interviews, professional service jobs typically stafrom around $35,000 to <br />$40,000 annually. Households with an income of $35,000 could af <br />costs of $875, based on spending on 30% of their gross income on housing. <br /> <br />29 <br />MAXFIELD RESEARCH& CONSULTING, LLC. <br /> <br />